Regulatory

Nigerian appointed country manager by global Extractive Industry Transparency Initiative

Oct 12, 2018

A staff of the Nigeria Extractive Industries Transparency Initiative (NEITI) Murjanatu Gamawa, has been appointed Country Manager by the global Extractive Industries Transparency Initiative (EITI) based in Oslo, Norway. She will be responsible for all English and Portuguese (Anglophone/Lusopohone) EITI implementing countries in Africa with specific roles of coordinating, supporting and guiding member countries in…

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Savannah Petroleum provides update on DPR approval for Seven Energy transaction

Oct 11, 2018

Savannah Petroleum, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, has provided an update on the process of obtaining Ministerial Consent in relation to approval of the Seven Energy Transaction. Following submission of the revised terms of the Transaction detailing the additional acquisitions, as announced by…

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DPR licensed 147 filling stations in FCT in 2018 – Controller

Oct 10, 2018

The Department of Petroleum Resources (DPR), said it licensed 147 filling stations in the Federal Capital Territory in 2018. Malam Abba Misau, the Zonal Operation Controller, disclosed this at DPR Abuja Zonal Celebration of the nation’s 2018 Independence Day, on Wednesday in Abuja. “We have about 357 filling stations in Abuja, with our surveillance this…

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Owners of Nigerian oil, mining assets to be unveiled in 2019 – NEITI

Oct 9, 2018

The Nigeria Extractive Industries Transparency Initiative (NEITI) has set December 31, 2019, for the unveiling of a comprehensive register of beneficial owners of oil, gas and mining companies in Nigeria. The Executive Secretary, NEITI, Dr. Waziri Adio, disclosed this in Abuja at a one-day stakeholders’ engagement meeting on the implementation of the beneficial ownership roadmap…

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NIMASA targets $400m annually from ship chandling

Oct 4, 2018

Nigeria Maritime Administration Safety Agency (NIMASA) Director-General (DG) Dr Dakuku Peterside has developed a blueprint that will enable the country make over $400 million yearly from ship chandling. A senior Federal Ministry of Finance (FMoF) official said that Peterside is concerned that foreigners and non-professional chandlers are supplying essential commodities to ships, including Floating Production…

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DPR to clamp down on adulterated engine oil

Oct 4, 2018

The Department of Petroleum Resources (DPR), yesterday expresssed concern over the infiltration of adulterated lube oil (engine oil) into the petroleum market. Speaking on the DPR Half Hour on Radio Nigeria, DPR Zonal Operations Comptroller, Wole Akinyosunye, said the callous act is of concern to the organisation due to the effects of fake lubricants on…

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DPR tells consultants to adhere to guidelines or be blacklisted

Oct 3, 2018

The Department of Petroleum Resources (DPR) in Ogun State has tasked its accredited Integrity Test Consultants on the need to adhere to stipulated guidelines of the department or risk being blacklisted. Operations Controller of DPR in the state, Muinat Bello-Zagi, gave the advice during a meeting with the consultants at the DPR office. Bell-Zagi said…

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SON begins certification of Techno Oil’s LPG cylinders, plant

Oct 2, 2018

The Standards Organisation of Nigeria (SON) has commenced the certification phase of Techno Oil LPG cylinders, a crucial process in the anticipated roll out of cylinders from Nigeria’s flagship indigenous LPG manufacturing plant. The certification process is part of the Mandatory Conformity Assessment Programme of SON, the high point of processes required for Techno Oil…

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FG increases gas flare penalty to $2 per 1000scf in new regulation

Oct 2, 2018

The Federal Government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas, SCF, from N10 per 1,000 SCF of the commodity flared. At the current exchange rate of N306.35 to a dollar, the $2 penalty translates to N612.7 per 1,00 SCF, while the $0.50 penalty translates to N153.175…

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Agip, Oando train N’Delta contractors on regulatory compliance

Sep 26, 2018

The Nigerian Agip Oil Company (NAOC) and its joint venture partners yesterday commenced training for the their contractors on the dangers of flouting government regulations and non-adherence to extant laws. The capacity building programme, the fifth in the series, took centre stage in Yenagoa, Bayelsa State, even as the Nigeria Content Development and Monitoring Board…

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